The Globe and Mail reports in its Friday, July 4, edition that CIBC World Markets analyst Stephanie Price resumed coverage of BCE with a "neutral" rating and $33 share target, down from $52, and Rogers Communications with an "outperformer" rating and $55 target, down from $76. The Globe's David Leeder writes in the Eye On Equities column that analysts on average target BCE and Rogers shares at $33.17 and $51.25. Ms. Price says in a note: "The Canadian telecom sector is trading below U.S. peers, near trough levels. ... We conclude that while the traditional premium to U.S. peers is not warranted in the current environment, we believe that Canadian telecoms should be trading roughly in line with U.S. peers. With the pricing environment stabilizing, we see valuation upside at current levels, although we expect it will take several years for the Canadian telecom customer base to completely reprice. Our top picks include Rogers, Quebecor and Telus."